Mar. 31 at 1:24 PM
$FMST VANCOUVER, British Columbia , March 31, 2026 (GLOBE NEWSWIRE) -- Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) ("Foremost" or the "Company"), is pleased to announce that it has completed its previously announced bought deal private placement (the "Offering") for aggregate gross proceeds of C
$5,746,680 , including C
$245,480 from the partial exercise of the Underwriter's (as defined below) option. Under the Offering, the Company issued an aggregate of 1,690,200 flow-through units of the Company (the "FT Units") at a price of C
$3.40 per FT Unit, which includes 72,200 FT Units issued pursuant to the partial exercise of the Underwriter's option. Each FT Warrant entitles the holder to acquire one common share of the Company (a "Warrant Share") at an exercise price of C
$4.40 per Warrant Share at any time on or before March 31, 2028 , being 24 months from the closing date of the Offering.
